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that substantial deficit reduction would be associated with a substantial reduction in interest rates that would push the economy forward at the more rapid pace. indeed, in an important part of the economic growth of the 1990's can properly be attributed to the unlocking of economic energy that was achieved by the 1993 budget measures, that led to a reduction in interest rate, increase in investment, accelerating growth, lower capital clause, further improvement in the deficit and so forth. that approach, a fiscal consolidationization that lead to substantial growth was a plausible and compelling vision for the country in 1993 1993, it has been a plausible and come compelling vision for other countries and times in places. you cannot fall very far out of the basic. with interest rates at 1.7% for ten years. with a real interest at the level where if you want to put your money or store your money with the government for as much as twentd years, you have to pay them for the privilege of having them hold your money. if they are going give you back inflation. in such an environment, the reduction in
competitiveness for the economy. another important element is the public sector deficit, and the stability of the government debt . another important structural reform is being put into the spanish constitution, the financial stability law. that means that the government is going to be more able to meet their objectives and to put a degree of control on the expenses and the deficit. the government can control the expenditures from the central government. another part of the government. you have unique tools in order to make that complied. now, the government as the proper tools to address these issues. in the process of addressing the fiscal situation, we have a totally out of control deficit in year 2009. deficit exceeding 11% of its gdp. now we and the royal of reducing the deficit. the very important issue is about the capacity of the government to get to the 6% public sector deficits. as the greek of skepticism in the markets, the capacity of the government. the government is confident that we can get to this figure. if they work to get their it will be very important positive message
would call these gimmicks, the full ten year cost of this bill has of $460 billion deficit. the second has a one half trillion dollar deficit. probably the most cynical gimmick in this bill is something that we all probably agree on. we don't think we should cut doctors' 21% next year. we stop those cuts from occurring every year for the last seven years. we all call this the toxics. well, according to your numbers it cost her her $71 billion. it was in the first iteration of all these bills. because it was a big price tag and made the score look bad, may look like a deficit, that provision was taken out and has been going on in stand-alone legislation. ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. and so when you take a look of this is just as not add up. let's finish with the cost curve. we bending the cost curve down or up? well, if you look at your own chief actuary of medicare revenue up. he is time we are going up $222 billion, adding more to the unsustainable fiscal situation we have. and so when you take a look
for the economy. another important element is a private set her deficit. wow, another important reform has been to put into the constitution, a financial stability law, that means that the government is going to be more able to meet their objectives and to put a degree on the expand says and the deficit of the regional suspense, which is part of the issue because the expenditures from the central government, another part of the government in which you have tools in order to make them comply with your objectives. at the government has proper tools. and in the process of the fiscal situation as we see in this chart, we have a totally out-of-control deficits in the year 2009 with a deficit exceeding 11% of the gdp and now we are to reducing the step thursday of the very important issue and what the markets wonder if the capacity of the government to get to the 6.3%. there is a degree in the market and the capacity, but the government is confident that she can get this figure and i think it would be a very important message for the market. if it's able to comply with the objective of direction and
? >> i will -- the candidates how they will reconcile reducing the deficit, cut spending and still -- [inaudible] >> what are you doing to prevent trafficking and to stop it altogether? >> all day like event tomorrow on c-span2 to tell you about. the center for strategic and international studies looks at political transitions in north africa. this starts at 8:30 a.m. eastern. >> we are live at centre college in danville kentucky for the 2012 vice presidential debate between vice presidential bike and congressman paul ryan. the moderator, martha raddatz is almost ready to begin after giving the audience instructions to remain quiet during the debate. we are waiting for her to introduce the candidates announced the opening question. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] .. [inaudible conversations] [background sounds] [background sounds] [background sounds] [inaudible conversations] [background sounds] [inaudible conversations] [background sounds] [inaudible conversa
also. actually doing quite well. our neighbor to the south, fiscal deficits. monetary policy. a better job creating jobs and there. as much as we can. >> implicit in all of this, we the united states and not doing as well as we should. let's turn inward. how worried are you and how much are you planning for the fiscal cliff? >> there has is the big deal. when the crisis happens, the debt tween crisis, we spend 50 to $100 million preparing. the complexity of that happening in global financial markets, real failure. the fiscal cliff is not quite that because it is more predictable, but we have a fiscal clef. going through to make sure we understand all of it. we will be prepared. j.p. morgan will survive the fiscal cliff. i think it's terrible policy to allow. the reason i think it's bad, there are potential outcomes. i would defy. therefore it is irresponsible policy to say, let's see. lets us see. let's try to avoid that. it won't happen on midnight dec. 31st. it will happen now. this is bad. the margin go higher. don't go, don't buy. wait and see. that is a recession. this people pull
not reach a deal cutting the deficit. jpmorgan is being sued at the new york attorney general over allegations that subsidiary bear stearns deceived investors into buying mortgage-backed securities. this is an hour. [inaudible conversations] >> well, good afternoon. i am richard haass and i want to welcome all of you to the council on foreign relations into today's ceo speaker series meeting. this is part of the council on foreign relations corporate programs, which is supposed to increase connections and links between the business community in the foreign policy community, which to some extent are one and the same. i want to thank -- rather welcome not necessarily those of you do, but those around the world participating in this meeting or modern technology. speaking of modern technology, if people take a second to turn off their cell phones and the like, that would be most welcome. this meeting is on the record. as we say, anything can and will i'm sure be against you. in this danish, probably some things you haven't said will be used against you. the phrase for someone it's no
where we can compromise and come to the middle and we must do that. we have a huge deficit and like i said earlier, a little amnesia how we got there but we are there and we have to deal with this. it's a must do and for the good of the country and same as senator, as tom, excuse me. i didn't mean to relegate you to senator. but i have children and grandchildren and we have got to do some things right for the future of this country. it's a privilege for us, all of us in this country. >> moderator: along those same lines congress and boswell what is the most important things that you think, the most important thing congress can do that would stimulate job growth or lift the overall economy? boswell: right now we are an agriculture stated we are much more. we are certainly in agriculture state and we don't have a farm bill. it comes up every five years and it's very important to iowa and all of the crop bearing fire for producing states in the middle was an across the country. we have to have a farm bill and there have been political posturing. the speaker -- mr. latham's best friend i'
a federal government that is far too large, $16 trillion of debt, $1.3 trillion deficit. we need somebody who will stand up and fight. i have that record in the house. that's the record i will take to the senate. that's what i would appreciate your vote, and thank you. >> our next closing statement is from marc victor. >> ladies and gentlemen, our country was founded upon freedom. we are about individual rights and responsibilities. we are about free markets. we are about being free to both defined and pursue your own happiness. it's about americans being in charge of themselves. these are the principles that made us a great nation, but we have strayed so far from these principles. we have a busybody government that is into everything. it regulates, taxes everything and everyone literally to death. it's involved in our lives cradle-to-grave. over 16 trillion in debt now and going ever higher. highest incarceration rate in the world. over 2 million in prison. perpetual wars that we keep paying for with more debt and human life. we are speaking in the wrong direction. and guess who was driv
building but at least he had the right message. your sign said reduce deficits and you thoughted no blood for oil. and you were chained to a rural health organization. what's your message? >> well, -- >> so wrong building, unclear message, but at least jody reached the people. >> how long before someone noticed you? >> 18 hours. [laughter] >> why do you think people ignored you? >> i think people don't like to think about the troubles in the international spectrum right now. >> not because you were below sidewalk level? jody brought me to the place where, for some reason, no one saw him. you were chained where? >> just to this door handle here. >> okay. and was this sign here when you -- >> actually it was. >> did you read this sign? >> after i locked to the door handle. >> yes, after he locked to the door handle. but every good protester has a contingency plan. >> when you found out you were in the wrong place you just unlocked yourself and moved, right? >> no. because i didn't have the key. i, went to the demonstration -- >> forgot it? left it somewhere? >> i left it in the car way was
think has been spawned the deficit be corralled. >> is started all of this often 1978. in the different from how race is used in our military academy? >> too many questions. a very different world. holy individualized, comparing individuals one that sun -1 to establish the platonic idea of the class as educational. this is not what is going on, not an individualized i will look at you. i will score you, but at the .7 mission i am not admitting people but categories. that relates to that justices question. at that your hypothetical is entirely fair begins in the way they do their system you can figure out that two people would have had the same bia score, but more race. it is an error. dawson to boost the component of the score. it is not infrequent. many candidates we will support this same pai and then you boost some of them. we don't lose all of them minorities. as a studio today from a we want to boost the ones that we like. we want the affluent minorities who we think will improve dialogue. that is contrary to the fact that they give points in the same system for socioeconomic disad
is the lineup in the case as far as the deficits, who will hear it and decide? >> only eight justices will decide because justice elena kagan is recused having worked. so eight justices. it's a pretty good bet that for more conservative justices will vote to if not strike down entirely, limit the use of race. the others will go the other way and as usable, justice anthony kennedy will hold the deciding vote. he has on the one hand said some positive things about using race and about the importance of diversity. on the other hand, he's never in his career and voted to uphold an affirmative action plan so she is a real wild card. >> is it possible this could be a 4-4 decision? >> it's not likely that it's possible and if it were, that would have the effect without opinion and without reasoning from the supreme court automatically affirming the decision below which had up held the texas program manning the split would equal that affirmative action stays the way we know it today. >> is the university of texas the only school that uses this type of system? >> that's right this combination
Search Results 0 to 12 of about 13 (some duplicates have been removed)